Katherine Guarino, an associate in the firm's Litigation Department, published an article in Inside Counsel
entitled, "The CFPB’s Confusing Definitions of Unfair, Deceptive or Abusive Acts and Practices
." The article explores how the Consumer Financial Protection Bureau (CFPB), America’s first federal agency focused solely on consumer financial protection, is spearheading a fundamental culture shift in financial compliance and operation. The authors note that armed with powerful regulatory and enforcement abilities and an arsenal of loosely-defined statutory terms, the CFPB is leading a crusade against unfairness toward consumers with respect to financial products, the extent of which is yet to be determined.